Members of CPA Canada Are Expected to Maintain Higher Standards

question 59

Multiple Choice

Members of CPA Canada are expected to maintain higher standards than society in general:

• A)because they are required to by federal law.
• B)only if they are certifying the financial statements of a company whose stock is listed on a national exchange.
• C)because their ability to attract business depends entirely upon their reputation.
• D)as long as they are working for themselves.

---

Definitions:

CEO Semco

Refers to the Chief Executive Officer of Semco, a Brazilian company known for its radical form of corporate democracy and industrial democracy.

Organization's Hierarchy

The structured arrangement of roles, responsibilities, and power within an organization, defining how decisions flow and work is delegated.

Organizational Culture

The collective norms, values, and beliefs that affect how employees within an organization think, feel, and act.

Role Modeling

A behavioral strategy where a person serves as an example for others to emulate, often utilized for teaching or promoting specific skills, attitudes, or behaviors.